Grains Mixed on Report Reaction and Black Sea News: Livestock Mixed with Cattle Making New Lows

Grains are mixed reacting to the USDA Grain Stocks Report, Black Sea news and outside markets. Livestock mixed with cattle breaking to new lows for the move. Michelle Rook talks with Matt Bennett of AgMarket.Net.

Grains are mixed reacting to the USDA Grain Stocks Report, Black Sea news and outside markets. Livestock mixed with cattle breaking to new lows for the move. Michelle Rook talks with Matt Bennett of AgMarket.Net.

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Lane Akre, economist with Pro Farmer, says the corn made new highs on Friday but may have to go higher with their big yield cut of 7.5 bu. from USDA’s August estimate.
Scott Varilek with Kooima Kooima Varilek says the Truth Social post from President Trump that 300,000 MT of beef imports will enter the U.S. duty free over the next 90 days to lower beef prices tanked the cattle market.
Naomi Blohm of Total Farm Marketing says corn, soybeans and wheat had strong technical closes on Friday and for the week. What will it take to keep going?
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